Wal-Mart Innovation and Productivity: A Viewpoint

23 Pages Posted: 5 May 2011

See all articles by Richard B. Freeman

Richard B. Freeman

National Bureau of Economic Research (NBER); University of Edinburgh - School of Social and Political Studies; Harvard University; London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP)

Alice Orcutt Nakamura

University of Alberta - School of Business

Leonard I. Nakamura

Federal Reserve Banks - Federal Reserve Bank of Philadelphia

Marc Prudhomme

affiliation not provided to SSRN

Amanda Pyman

Monash Business School

Date Written: May 2011

Abstract

Technology effects, business process development, and productivity growth are considered in the context of a single company: Wal-Mart. The starting point is the 2001 McKinsey Global Institute report, which finds that over 19952000, a quarter of U.S. productivity growth is attributable to the retail industry, and almost a sixth of that is attributable to Wal-Mart. Wal-Mart is interesting as well because of its rapid growth in Canada. This is now Canada's largest private sector employer. We also consider other evidence relevant to public policy formation concerning Wal-Mart and conclude with a discussion of options for partially filling important data gaps.

On considre les effets de la technologie, le dveloppement des processus daffaires, et la croissance de la productivit dans le contexte dune seule compagnie : Wal-Mart. Le point de dpart est le rapport de 2001 du McKinsey Global Institute qui rvlait que, pour la priode 1995-2000, le quart de la croissance de la productivit aux Etats-Unis tait attribuable au commerce de dtail, et un sixime Wal-Mart. Le cas Wal-Mart est aussi intressant cause de sa croissance rapide au Canada. Cest maintenant le plus grand employeur priv au Canada. On considre certains rsultats pertinents pour la formation de la politique publique en ce qui concerne Wal-Mart, et on conclut par une discussion des options ouvertes pour rsoudre des problmes de trous importants dans les donnes.

JEL Classification: J2, L5, L11, L25, L81

Suggested Citation

Freeman, Richard B. and Nakamura, Alice Orcutt and Nakamura, Leonard I. and Prudhomme, Marc and Pyman, Amanda, Wal-Mart Innovation and Productivity: A Viewpoint (May 2011). Canadian Journal of Economics/Revue canadienne d'conomique, Vol. 44, Issue 2, pp. 486-508, 2011, Available at SSRN: https://ssrn.com/abstract=1832149 or http://dx.doi.org/10.1111/j.1540-5982.2011.01641.x

Richard B. Freeman (Contact Author)

National Bureau of Economic Research (NBER) ( email )

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University of Edinburgh - School of Social and Political Studies ( email )

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Harvard University ( email )

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London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP) ( email )

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Alice Orcutt Nakamura

University of Alberta - School of Business ( email )

2-32C Business Building
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Canada

Leonard I. Nakamura

Federal Reserve Banks - Federal Reserve Bank of Philadelphia ( email )

Ten Independence Mall
Philadelphia, PA 19106-1574
United States
215-574-3804 (Phone)
215-574-4364 (Fax)

Marc Prudhomme

affiliation not provided to SSRN

Amanda Pyman

Monash Business School ( email )

Wellington Road
Clayton, Victoria 3168
Australia
+61 3 990 55204 (Phone)
+61 3 990 55412 (Fax)

HOME PAGE: http://www.buseco.monash.edu.au/depts/mgt/staff/academic/pyman_amanda.php

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